General Motors Co. (GM)


Common-Size Income Statement
Quarterly Data

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General Motors Co., common-size consolidated income statement (quarterly data)

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3 months ended Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Automotive net sales and revenue 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Automotive and other cost of sales -87.36 -90.30 -91.57 -88.40 -90.37 -92.33 -85.26 -87.02 -85.92 -86.22 -88.62 -86.23 -85.87 -86.91 -87.40 -86.32 -88.89 -89.26 -88.87 -89.62 -93.21 -93.97
Automotive and other gross margin 12.64% 9.70% 8.43% 11.60% 9.63% 7.67% 14.74% 12.98% 14.08% 13.78% 11.38% 13.77% 14.13% 13.09% 12.60% 13.68% 11.11% 10.74% 11.13% 10.38% 6.79% 6.03%
GM Financial net sales and revenue 11.21 11.57 10.33 10.89 10.47 10.42 9.43 10.36 8.78 7.96 6.52 6.18 5.69 5.88 4.96 4.59 4.12 3.92 3.40 3.31 3.09 3.01
GM Financial interest, operating and other expenses -9.70 -10.58 -9.26 -9.49 -9.00 -9.22 -8.69 -9.49 -7.87 -7.43 -6.15 -5.72 -5.15 -5.36 -4.61 -4.05 -3.59 -3.40 -3.09 -2.77 -2.41 -2.41
Automotive and other selling, general and administrative expense -6.48 -6.71 -7.12 -8.01 -6.66 -7.26 -7.07 -7.56 -7.29 -6.83 -8.05 -6.75 -7.10 -8.01 -8.02 -11.53 -8.12 -9.07 -7.71 -7.69 -8.69 -8.10
Goodwill impairment charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.31 0.00 0.00 0.00
Operating income (loss) 7.67% 3.98% 2.38% 4.99% 4.44% 1.62% 8.41% 6.29% 7.70% 7.48% 3.69% 7.48% 7.57% 5.60% 4.92% 2.68% 3.51% 2.19% 3.42% 3.23% -1.22% -1.47%
Automotive interest expense -0.60 -0.58 -0.53 -0.50 -0.48 -0.46 -0.42 -0.50 -0.39 -0.43 -0.36 -0.37 -0.37 -0.36 -0.30 -0.30 -0.29 -0.32 -0.27 -0.25 -0.26 -0.28
Interest income and other non-operating income (loss), net 1.12 2.58 1.34 2.02 2.79 1.68 -0.89 0.54 -0.14 1.40 0.12 0.30 0.43 0.24 0.66 0.32 0.04 0.70 1.08 0.63 0.21 0.25
Gain on extinguishment of debt 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.19 0.00 0.00 0.00 0.52 0.01 0.00 0.00
Equity income 0.84 1.32 1.00 1.64 1.91 1.98 1.59 1.64 1.56 1.61 1.37 1.23 1.65 1.59 1.63 1.35 1.43 1.61 1.22 1.31 1.36 1.67
Income before income taxes 9.03% 7.30% 4.19% 8.15% 8.67% 4.82% 8.68% 7.98% 8.73% 10.06% 4.81% 8.65% 9.28% 7.07% 8.10% 4.05% 4.68% 4.18% 5.97% 4.92% 0.09% 0.15%
Income tax (expense) benefit -1.62 -0.44 1.76 -0.31 -1.56 -1.43 -22.91 -7.60 -1.57 -2.28 -0.51 -1.92 -2.17 -1.59 8.39 -0.44 -1.57 -1.54 -0.73 -1.12 0.66 0.62
Income from continuing operations 7.41% 6.86% 5.94% 7.84% 7.11% 3.40% -14.23% 0.37% 7.16% 7.78% 4.31% 6.72% 7.11% 5.49% 16.49% 3.61% 3.11% 2.64% 5.24% 3.79% 0.75% 0.77%
Loss from discontinued operations, net of tax 0.00 0.00 0.00 0.00 0.00 -0.21 -0.80 -10.16 -2.26 -0.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net income (loss) 7.41% 6.86% 5.94% 7.84% 7.11% 3.18% -15.03% -9.79% 4.89% 7.58% 4.31% 6.72% 7.11% 5.49% 16.49% 3.61% 3.11% 2.64% 5.24% 3.79% 0.75% 0.77%
Net (income) loss attributable to noncontrolling interests 0.05 0.04 -0.07 0.01 0.07 0.02 0.08 0.00 -0.01 -0.03 0.15 0.15 0.04 0.06 0.11 0.05 -0.06 0.11 -0.06 0.08 -0.02 -0.18
Net income (loss) attributable to stockholders 7.46% 6.90% 5.87% 7.85% 7.18% 3.20% -14.95% -9.78% 4.88% 7.56% 4.45% 6.88% 7.15% 5.55% 16.60% 3.66% 3.05% 2.75% 5.19% 3.87% 0.72% 0.59%
Cumulative dividends on subsidiary preferred stock -0.11 -0.12 -0.11 -0.10 -0.05 -0.04 -0.04 -0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -2.30 -0.23 -0.23 -0.24
Net income (loss) attributable to common stockholders 7.34% 6.78% 5.76% 7.75% 7.14% 3.16% -14.99% -9.79% 4.88% 7.56% 4.45% 6.88% 7.15% 5.55% 16.60% 3.66% 3.05% 2.75% 2.88% 3.64% 0.49% 0.34%

Based on: 10-Q (filing date: 2019-08-01), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-06), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-07-25), 10-Q (filing date: 2018-04-26), 10-K (filing date: 2018-02-06), 10-Q (filing date: 2017-10-24), 10-Q (filing date: 2017-07-25), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-07), 10-Q (filing date: 2016-10-25), 10-Q (filing date: 2016-07-21), 10-Q (filing date: 2016-04-21), 10-K (filing date: 2016-02-03), 10-Q (filing date: 2015-10-21), 10-Q (filing date: 2015-07-23), 10-Q (filing date: 2015-04-23), 10-K (filing date: 2015-02-04), 10-Q (filing date: 2014-10-23), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. General Motors Co.’s operating income (loss) as a percentage of automotive net sales and revenue increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. General Motors Co.’s income before income taxes as a percentage of automotive net sales and revenue increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Net income (loss) attributable to stockholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. General Motors Co.’s net income (loss) attributable to stockholders as a percentage of automotive net sales and revenue increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.